Hertz Kompressoren Ltd - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 06892232

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

HERTZ KOMPRESSOREN LTD

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr G L Middleton-Duff

Mrs M Middleton-Duff

SECRETARY:

Mrs M Middleton-Duff

REGISTERED OFFICE:

Unit 12-13

Peel Mills Industrial Estate

Chamberhall Street

Bury

Greater Manchester

BL9 0LU

REGISTERED NUMBER:

06892232

ACCOUNTANTS:

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

BANKERS:

HSBC

2 Market Street

Bury

Lancashire

BL9 0AN

The following reproduces the text of the report prepared for the directors and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Statement of Financial Position. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Hertz Kompressoren Ltd for the year ended 30 April 2016 which comprise the

Income Statement, Statement of Financial Position and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hertz Kompressoren Ltd, as a body, in accordance with the terms of our engagement letter dated 12 January 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Hertz Kompressoren Ltd and state those matters that we have agreed to state to the Board of Directors of Hertz Kompressoren Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hertz Kompressoren Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hertz Kompressoren Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hertz Kompressoren Ltd. You consider that Hertz Kompressoren Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hertz Kompressoren Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

13 January 2017

FIXED ASSETS

Intangible assets

4

156

406

Property, plant and equipment

5

802

871

958

1,277

CURRENT ASSETS

Inventories

100,477

83,206

Debtors

6

273,222

249,088

Cash in hand

8,628

-

382,327

332,294

CREDITORS

Amounts falling due within one year

7

382,332

362,373

NET CURRENT LIABILITIES

(5

)

(30,079

)

TOTAL ASSETS LESS CURRENT LIABILITIES

953

(28,802

)

PROVISIONS FOR LIABILITIES

51

41

NET ASSETS/(LIABILITIES)

902

(28,843

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

802

(28,943

)

SHAREHOLDERS' FUNDS

902

(28,843

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 January 2017 and were signed on its behalf by:

Mr G L Middleton-Duff - Director

1.	STATUTORY INFORMATION

Hertz Kompressoren Ltd is a private company, limited by shares , registered in Not specified/Other.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 May 2015

and 30 April 2016

1,000

AMORTISATION

At 1 May 2015

594

Amortisation for year

250

At 30 April 2016

844

NET BOOK VALUE

At 30 April 2016

156

At 30 April 2015

406

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2015

3,971

6,393

10,364

Additions

250

-

250

At 30 April 2016

4,221

6,393

10,614

DEPRECIATION

At 1 May 2015

3,278

6,215

9,493

Charge for year

141

178

319

At 30 April 2016

3,419

6,393

9,812

NET BOOK VALUE

At 30 April 2016

802

-

802

At 30 April 2015

693

178

871

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

72,391

92,759

Other debtors

200,831

156,329

273,222

249,088

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

7,614

8,153

Trade creditors

300,115

281,378

Taxation and social security

25,569

28,002

Other creditors

49,034

44,840

382,332

362,373

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 May 2015

(28,943

)

Profit for the year

42,745

Dividends

(13,000

)

At 30 April 2016

802

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2016 and

30 April 2015:

2016

2015

£

£

Mr G L Middleton-Duff

Balance outstanding at start of year

61,512

45,417

Amounts advanced

29,351

16,095

Amounts repaid

(6,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

84,363

61,512

Mrs M Middleton-Duff

Balance outstanding at start of year

61,512

17,918

Amounts advanced

29,352

43,594

Amounts repaid

(6,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

84,364

61,512

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £13,000 were paid to the directors .

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G L Middleton-Duff.